regulation is sufficient for efficient risk management. Rather, to manage a bank, directors must have the skills to think …

benefits. Contrary to claims in the literature that “equity is expensive” and that regulation requiring more equity in the … funding mix entails costs to society, such regulation actually helps create useful commitment for banks to avoid the … inefficiently high borrowing that comes under laissez-faire. Effective regulation is beneficial even without considering systemic …

. Contrary to claims in the literature that "equity is expensive" and that regulation requiring more equity in the funding mix … entails costs to society, such regulation actually helps create useful commitment for banks to avoid the inefficiently high … borrowing that comes under laissez-faire. Effective regulation is beneficial even without considering systemic risk; if such …

The paper analyzes the role of financial regulation in facilitating the development of organizational norms to enhance … result of collective agency problems. The paper argues that regulation has a role to play in addressing collective agency … given to the regulation of remuneration and trusted financial products. It further suggests that to address collective …

about the current status of banking regulation and supervision. Our unique starting point for answering that question comes … from the fact that 20 years ago we developed the first detailed, multi-country database on banking regulation and … from the most recent (2011-2012) World Bank survey on banking supervision and regulation. Key observations emerging from …

The regulation of bank capital to improve the resilience of the financial system and, related to this aim, as a means … regulation to be effective in controlling the aggregate supply of credit: (i) changes in capital requirements need to affect loan …

-level sources of risk are much easier for corporate governance and regulation to address than risk arising at the systemic level … limited role in the regulation of systemic risk and then relates this discussion to the current state of affairs in the …